Friday, December 08, 2006

Monthly chart shows interest rates have found support at the PRZ of the .618 fib level and prior visual support.Possible 5 waves down into the .618 fib level (PRZ). The week ended with bullish candle.Interest rates have increased the past week. Interest rate gapped up Friday morning, and ended on the high for the day. Look for continuation and higher rates in the following week(s).